Information Technology Relates to Any Computer-Based Tools That People Use

question 34

True/False

Information technology relates to any computer-based tools that people use to work with information and to support the information and information-processing needs of an organization.

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Definitions:

Economic value

The worth of a good or service as determined by the market and the price a buyer is willing to pay.

Compounded quarterly

Interest calculation method where the interest is added to the principal every three months, affecting the overall amount on which future interest is calculated.

Perpetuity

An annuity in which payments continue indefinitely, typically at a fixed rate.

Compounded semi-annually

Accumulation method for interest where the interest is applied to the principal twice a year, thereby influencing the total amount of interest earned or paid.